Desjardins Forecasts Strong Price Appreciation for 5N Plus (TSE:VNP) Stock

5N Plus (TSE:VNP) had its target price lifted by analysts at Desjardins from C$45.00 to C$46.00 in a report released on Wednesday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Desjardins‘s price objective points to a potential upside of 42.72% from the stock’s current price.

A number of other analysts have also commented on VNP. Ventum Capital boosted their price target on shares of 5N Plus from C$44.00 to C$45.00 and gave the company a “buy” rating in a research note on Wednesday. Raymond James Financial raised shares of 5N Plus from a “moderate buy” rating to a “strong-buy” rating and set a C$45.00 price objective on the stock in a research note on Wednesday, August 5th. Royal Bank Of Canada set a C$41.00 price objective on shares of 5N Plus and gave the company a “moderate buy” rating in a report on Tuesday, July 21st. National Bank Financial reduced their price objective on shares of 5N Plus from C$50.00 to C$45.00 and set an “outperform” rating for the company in a report on Wednesday, August 5th. Finally, Canaccord Genuity Group set a C$48.00 target price on shares of 5N Plus and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to data from MarketBeat.com, 5N Plus has a consensus rating of “Buy” and an average target price of C$45.75.

5N Plus Stock Down 1.2%

Shares of VNP traded down C$0.39 during trading hours on Wednesday, hitting C$32.23. The stock had a trading volume of 710,712 shares, compared to its average volume of 623,465. 5N Plus has a 1-year low of C$17.20 and a 1-year high of C$49.97. The firm has a market capitalization of C$2.90 billion, a P/E ratio of 46.71, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.59. The firm has a 50 day simple moving average of C$27.98 and a 200-day simple moving average of C$31.97. The company has a debt-to-equity ratio of 45.47, a current ratio of 2.28 and a quick ratio of 1.51.

5N Plus (TSE:VNP) last announced its quarterly earnings results on Monday, November 2nd. The company reported C$0.28 earnings per share (EPS) for the quarter. The business had revenue of C$194.16 million for the quarter. 5N Plus had a return on equity of 29.60% and a net margin of 14.08%. Sell-side analysts predict that 5N Plus will post 0.37 EPS for the current fiscal year.

About 5N Plus

5N+ is a leading global producer of specialty semiconductors and performance materials. The Company’s ultra-pure materials often form the core element of its customers’ products. These customers rely on 5N+’s products to enable performance and sustainability in their own products. 5N+ deploys a range of proprietary and proven technologies to develop and manufacture its products. The Company’s products enable various applications in several key industries, including renewable energy, security, space, pharmaceutical, medical imaging and industrial.